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IAG falls despite airline upping profit outlook as Q3 beats forecasts
2015-10-31 13:09:07| Airlines - Topix.net
The parent company of British Airways lent credence to the old adage that 'it is better to travel than arrive' as its shares dropped 4 per cent today despite an upgrade to its 2015 profit outlook. As third quarter earnings beat expectations, IAG said its full year operating profit should now come in at between a 2.25-2.30billion , having previously forecast an outcome of a 2.2billion .
Tags: falls
profit
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airline
British Airways owner IAG upgrades profit guidance after strong third quarter
2015-10-31 08:58:51| Airlines - Topix.net
British Airways owner International Airlines Group has upgraded its annual guidance after growing passenger numbers and lower fuel costs led to strong third quarter results. IAG, which in August added Ireland's Aer Lingus to its stable of airlines, said that its full-year operating profit would range from a 2.25 billion and a 2.3 billion , having previously forecast a 2.2 billion .
Tags: strong
owner
british
profit
Chevron cutting up to 7,000 jobs; profit falls to $2 billion
2015-10-31 08:57:46| Energy - Topix.net
Chevron Corp. is cutting up to 7,000 jobs, or 11 percent of its work force, as it deals with lower oil prices that are cutting deeply into profit. The company said Friday that it would cut capital and exploratory spending next year by one-fourth, with further cuts in 2017 and 2018 depending on the oil industry's condition then.
Tags: jobs
falls
profit
cutting
Exxon 3rd quarter profit falls by nearly half amid low oil prices
2015-10-31 08:42:30| Chemicals - Topix.net
Exxon Mobil Corp. posted its worst third quarter in 12 years due to low oil prices but still earned $4.24 billion, beating Wall Street expectations. Exxon's earnings from exploration and production continued to slide, especially in the United States.
Exxon 3rd quarter profit falls by nearly half amid low oil prices
2015-10-31 08:20:34| Oil & Gas - Topix.net
Exxon Mobil Corp. posted its worst third quarter in 12 years due to low oil prices but still earned $4.24 billion, beating Wall Street expectations. Exxon's earnings from exploration and production continued to slide, especially in the United States.
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